New Stream Capital has acquired the assets of Palm City, FL-based International Wholesale Tile (IWT).
According to IWT, neither the
management structure nor ongoing operations will be affected as a result of the
president Paul Boucher, vp of operations Kathryn Spencer, and CFO Ann Marie
Renze will continue to serve in their respective positions.
Boucher noted, “With New Stream
Capital’s strength and support, we’ll be positioned to better serve our
customers with swift deliveries of orders and samples and overall superior
customer service. We will continue to create products that can be marketed
through a variety of channels.”
Terms of the transaction were not
disclosed. Both companies are privately held.